Today's cut in Hungarian interest rates is likely to be followed up by one more cut next month, which we currently think will mark the end of the easing cycle. However, the recent sharp fall in inflation, coupled with the surprise decision by the ECB to loosen monetary policy earlier this month, has raised the prospect of a modest loosening of monetary policy in 2014 as well.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.